Coin Circle Academician: Bitcoin and Ethereum, a sizzling September, is the bull market coming, is there still an opportunity? Latest market analysis

Article release time 2024.9.22----07:40

Over the weekend, Bitcoin has been consolidating around 63,000, and the current price is 63,300. From the market, the four-hour K-line shows a clear upward trend, and the price has been rising since the 19th. Multiple long positive lines have appeared recently, indicating strong buying pressure in the market and a bullish trend.

Within the 4-hour period, the MACD fast and slow lines are running above the zero axis, but there are signs of gradual convergence, and it needs to be observed whether a dead cross will form. The daily MACD is still in a bullish state. The 4-hour RSI is close to the overbought zone at 63.7, indicating potential short-term pullback pressure. The daily RSI is also above 60, showing strong upward momentum.

The trend indicator EMA's current price is above the EMA7, EMA30, and EMA120 moving averages, and a typical bullish arrangement has appeared, indicating strong support. Especially after the price broke through 63,000 points, the market funds became unusually active, leaning more towards the bullish side.

Today's reference points: Trend view (upward)

Long at 62,500, defend at 61,500, stop loss at 61,000, target at 65,000

Short at 64,000, defend at 65,000, stop loss at 65,500, target at 63,000

Ethereum

Ethereum has broken the previous high, and the high point before the release has reached 2602. After the daily closing, the momentum in the market has not ended yet. The next consolidation level depends on the momentum of this stretch. First, the K-line shape in the market shows a clear upward trend, with consecutive positive lines. After forming a strong support level near 2400, the price has broken through the 2500 integer mark and stabilized above 2590.

Technical indicator MACD: DIF and DEA are both diverging upwards, the MACD histogram is positive and gradually increasing, and it is currently in a clear upward phase. The RSI14 is around 73, still with some upward space. The short, medium, and long-term moving averages are in a bullish arrangement, indicating strong bullish sentiment. It is recommended to mainly go long with the trend.

Today's latest reference points

Long at 2550, add position at 2500, stop loss at 2470, target at 2650

Short at 2650, add position at 2700, stop loss at 2730, target at 2550

The content of the article is time-sensitive and is for reference only. Trade at your own risk.

The above analysis is based on market data and trend analysis from the market, and is for reference only, and does not constitute investment advice. For everyone's reference. Over the past decade, Liying has continuously explored and experienced hundreds of different types of digital assets. In this process, Liying has experienced the brilliance of the bull market and the dimness of the bear market, accumulating countless valuable experiences and profound lessons. As a female trader who has been struggling in this challenging field, Liying feels a responsibility to share her insights and hopes to help others with dreams find their own position in this unpredictable market and embark on their journey to success.

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